Mortgage insurance is nothing but an insurance of paying away the mortgage loan that you might have taken. It looks over your loan and makes sure that you pay the loan back. If due to some problems you are unable to pay the loan then this insurance pays that loan on behalf of you. There is a mortgage life insurance that goes along your life to ensure that if you face an untimely death then they pay your mortgage loan. Some of these loans also ensure that they help you in getting a benefit during some illness and disabilities.

These insurance have a premium that is calculated according to the value of the loan to be paid. There are many different types of mortgage insurance available in the market which is as follows.

Private insurance is issued when the down payment is less than 20%. Here the premium rate is 1.5% to 6% of the total loan amount.

Borrower paid insurance is another mortgage insurance that is taken on terms of the default in the mortgage. The premium of the insurance is paid by borrower. This insurance comes without any down payment.

Lender paid insurance is last mortgage insurance. In this the lender pays the premium of the insurance.

Real estate is an ever blooming industry. Since need for house will never end, so as the importance of the real estate market will never go down. You can always expect a good return from the real estate. The returns can be either monthly in terms of rent or it can a onetime profit whenever you sell some pre occupied property at a huge margin of profit. Financial advisors and business analysts have predicted that the real estate market will reach a new height in the year 2013. So prior to your investment in real estate, you should follow few simple guides.

Before investing in any property in the year 2013, check the prospect of the property you are investing in. Gather proper information about the rates of the real estate prevalent globally. This will help you to get a property in the best price possible and you can gain the maximum profit by selling that particular property.

Also it is said that the real estate prices will touch the sky limit in the year 2013, so if you have any prospective real estate property with you, it is better you sell it off in the year 2013 to gain the maximum possible profit.

The virtual real estate auctions are a great way to choose and buy your desired property from the comfort of your home. There are many auction sites which would allow you to conduct the entire bidding process from your home only. These virtual property auctions involve a wide range of properties including new homes and old farms. Sometimes, the properties are put on auction with the assets included there.

These auctions are beneficial for both buyer and seller. It’s because a buyer participating in the auction is already prepared to purchase and hence the seller would be relieved with quick disposal that further reduces maintenance & carrying costs. Moreover, as any auction involves competition amidst the buyers, the auction price could exceed the actual price of negotiated sale.

The buyers benefit too in the sense that they get to make smart investments as here properties are generally bought at a fair-market value- besides, the buyers themselves get to decide on the purchase price.

The real estate market in America had taken a plunge in the latest economic turmoil. Foreclosure signs where printed in high numbers all over the country. Real estate in whole was affected a lot and even real estate prices dropped in Dubai too. With the hope of a resurging market real estate investments are said to be on the rise.

In the year 2013 many may say we are out of the economic turmoil of the years 2009 and 2010, but going for the real estate investment is till dicey. Make sure to get all paperwork before investing in any to study loopholes in the agreement. It is still a good time to buy real estate property as the prices are said to be on the rise and will definitely rise overtime. The best way to go right now in the present market is to keep aside capital even when you are investing in real estate.